Shell Midstream Partners (NYSE:SHLX) released its quarterly earnings results on Friday. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01), MarketWatch Earnings reports. Shell Midstream Partners had a net margin of 97.36% and a negative return on equity of 63.01%. The firm had revenue of $120.00 million for the quarter, compared to the consensus estimate of $141.97 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis.
Shell Midstream Partners stock traded up $0.07 during mid-day trading on Friday, hitting $11.82. 1,208,921 shares of the company traded hands, compared to its average volume of 1,065,395. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 7.88 and a beta of 1.82. Shell Midstream Partners has a one year low of $5.70 and a one year high of $22.70. The stock has a fifty day moving average price of $12.30 and a 200-day moving average price of $14.28.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.84 annualized dividend and a yield of 15.57%. Shell Midstream Partners’s payout ratio is presently 110.18%.
Shell Midstream Partners Company Profile
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets.
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